We assign a technical rating of 8 out of 10 to WERN. Although WERN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- WERN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WERN is lagging the market slightly.
- In the last month WERN has a been trading in the 29.79 - 34.78 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, WERN turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- WERN is part of the Ground Transportation industry. There are 42 other stocks in this industry, WERN did better than 68% of them.
- Volume is considerably higher in the last couple of days.
WERN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 33.39, a Stop Loss order could be placed below this zone.
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29.70
2 important support areas can be observed.
- A support zone ranging from 32.93 to 33.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.00 to 30.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @33.85 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WERN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WERN is up. |
| ChartMill Relative Strength | 62.05 | NEUTRAL | WERN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WERN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WERN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WERN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.18 | NEUTRAL | The RSI value for WERN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WERN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.67 | OVERBOUGHT | The high Stochastics value suggests WERN may be overbought. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for WERN suggests some volalility. |
| Average Directional Index/ADX (14) | 42.17 | POSITIVE | The high ADX value value for WERN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.86 | 32.92 | 0.94 (2.78%) | 25.00% |
| An entry @33.86. This is a Buy Stop order right above the resistance zone. | An exit @32.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.94 points, which is 2.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The distance between exit and entry is rather small compared to the average daily movement of WERN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.84
-0.81 (-2.34%)
WERNER ENTERPRISES INC / WERN FAQ
What is the technical rating for WERN stock?
ChartMill assigns a technical rating of 8 / 10 to WERN.
What is the trend direction for WERN stock?
The current trend direction for WERNER ENTERPRISES INC (WERN) is Bullish.
What is the RSI signal for WERNER ENTERPRISES INC (WERN) stock?
WERNER ENTERPRISES INC (WERN) has an RSI value of 63.1839. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WERNER ENTERPRISES INC?
The MACD indicator for WERNER ENTERPRISES INC (WERN) has a value of 0.00277193, indicating a bearish trend.
Can you provide the support and resistance levels for WERNER ENTERPRISES INC?
WERNER ENTERPRISES INC (WERN) has a support level at 33.39 and a resistance level at 33.85. Check the full technical report for our detailed analysis of WERN support and resistance levels.